GM Raises Adjusted-Profit Guidance on Lower Tariff Costs
By Nicholas G. Miller
General Motors raised its adjusted-profit guidance as the Supreme Court's rejection of President Trump's emergency tariffs reduces costs for the carmaker.
For the first quarter, the company posted net income of $2.71 billion, down from $2.85 billion the year prior. On a per-share basis, earnings fell to $2.82 from last year's $3.35.
Adjusted earnings were $3.70 a share. Analysts polled by FactSet expected $2.60 a share.
Revenue ticked down 0.9% to $43.62 billion. Wall Street expected $43.51 billion.
The company raised its full-year adjusted earnings guidance to $11.50 to $13.50 a share, up from its previous forecast of $11 to $13 a share. However, the company lowered its nonadjusted earnings guidance to $10.62 to $12.62 a share, down from its prior outlook of $11 to $13 a share.
Analysts see full-year adjusted earnings of $12.20 a share.
GM raised its earnings before interest and taxes guidance by $500 million due to the Supreme Court's decision in February to strike down President Trump's tariffs imposed under the International Emergency Economic Powers Act.
The company now expects gross tariff costs of $2.5 billion to $3.5 billion in 2026, down from its original estimate of $3 billion to $4 billion.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
April 28, 2026 06:46 ET (10:46 GMT)
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